"After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt."
-- Nancy Pelosi, Speaker of the House, 2007, 2008, 2009, 2010
111th Congress, 2009-2010, New debt = $3.22 trillion
110th Congress, 2007-2008, New debt = $1.96 trillion
Total new debt under Pelosi and Dems = $5.18 trillion
An increase of new debt of 134 percent over the historic deficits she was referring to, making hers, well, more historic:
109th Congress, 2005-2006, New debt = $1.05 trillion
108th Congress, 2003-2004, New debt = $1.16 trillion
Total new debt under Republicans = $2.21 trillion
Proving once again that Republicans give less of the same, and Democrats more.
Full story here.
